Call from Broker
Sep. 23rd, 2022 10:25 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
ndrosenI have given warnings about the expected Recession of 2026, when the current land price bubble may crash; you can click on the tag to learn more. I don’t guarantee the date, but if the eighteen year real estate cycle holds, 2026 is when we should expect major trouble.
Meanwhile, my broker called today (he handles the portfolio I inherited from my parents), and wanted to sell off half of my remaining stocks, some having been sold off earlier, and put the money in a bank account, because he expects trouble in the next few months. He may be right about this, and the late Dr. Fred Foldvary may have been right about 2026 as well. I authorized selling half of my stocks; before the predicted Great Recession of 2026, I plan to shift some of my Thrift Savings Plan account from stocks to bonds.
Unless the current international situation leads to World War Three, in which case, as I told my broker (he laughed), it probably won’t matter how much of my portfolio I had in stocks, and how much in cash.
Meanwhile, my broker called today (he handles the portfolio I inherited from my parents), and wanted to sell off half of my remaining stocks, some having been sold off earlier, and put the money in a bank account, because he expects trouble in the next few months. He may be right about this, and the late Dr. Fred Foldvary may have been right about 2026 as well. I authorized selling half of my stocks; before the predicted Great Recession of 2026, I plan to shift some of my Thrift Savings Plan account from stocks to bonds.
Unless the current international situation leads to World War Three, in which case, as I told my broker (he laughed), it probably won’t matter how much of my portfolio I had in stocks, and how much in cash.
